Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
Looks like Americans are finally digging themselves out of mortgagedebt. Home equity rose to $6.7 trillion this quarter- thats thehighest level since 2008 – as homeowners are taking advantage ofrecord-low interest rates to refinance.This is a strong indication that Americans’ home-loan debt-burden isbeginning to ease. This is welcome news after the record borrowingthat created, and ultimately popped the housing bubble- leavingalmost a quarter of American homeowners with mortgages owing more thantheir properties were worth.
Best Buy (BBY) was upgraded today by Citigroup (C) from sell to neutral with a $21 price target, as the stock has pulled back by about 35%. Shares are higher by about 2.4 percent.
Venza Gold Corp. filed on June 12 that it is offering a total of 1,500,000 common shares at a price of $0.10 per share.
Britain’s government and the Bank of England will act together to tackle tightening credit and financial market conditions triggered by the euro zone crisis, finance minister George Osborne said late Thursday.
Britain’s government and the Bank of England will act together to tackle tightening credit and financial market conditions triggered by the euro zone crisis, finance minister George Osborne said late Thursday.
United Technologies Corporation (UTX) announced its quarterly dividend of 53.5 cents per share, an increase of about 11% over its prior dividend in May of 48 cents. The dividend will be payable on September 10 to shareowners of record at the close of business August 17.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
The Daily Ticker’s Aaron Task and Henry Blodget discuss oil prices with Daniel Yergin
This is what’s in the news for Monday, June 13 2012. The Wall Street Journal reports borrowing costs for Italy and Spain continued to rise, increasing calls for bigger moves from euro zone leaders amid a new warning that the crisis is dragging down even the world’s resilient emerging economies. The Wall Street Journal also reports the Justice Department is conducting an antitrust investigation into whether cable companies (CMCSA, TWC) are acting improperly against competition from online video (NFLX, NWSA, DIS), sources say. The Wall Street Journal also reports Facebook (NASDAQ:FB) began a PR campaign to fight back against criticism that advertising on the social network isn’t effective. Reuters reports Chesapeake Energy”s (NYSE:CHK) board is nearing a decision on who its new independent chairman will be, a board member says. Finally, Bloomberg reports Bank of America (NYSE:BAC) divested a $1.3B credit-card portfolio after SLM Corp. (NYSE:SLM) selected Barclays (NYSE:BCS) for its college savings program.
